Mercari, Inc. (OTCMKTS:MCARY) Sees Large Decrease in Short Interest

Mercari, Inc. (OTCMKTS:MCARY) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 566 shares, a decline of 83.2% from the January 29th total of 3,364 shares. Based on an average daily volume of 716 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 716 shares, the short-interest ratio is presently 0.8 days.

Mercari Trading Down 1.3%

MCARY stock traded down $0.16 during midday trading on Wednesday, reaching $11.50. 12,512 shares of the company’s stock traded hands, compared to its average volume of 4,951. Mercari has a 52 week low of $6.85 and a 52 week high of $11.66. The company has a 50-day moving average price of $10.32 and a two-hundred day moving average price of $8.76.

About Mercari

Mercari, Inc (OTCMKTS:MCARY) is a Japan-based e-commerce company that operates a peer-to-peer marketplace platform, enabling individuals to list, buy and sell used and new items via its mobile application and website. The platform accommodates a wide range of categories, including fashion, electronics, home goods and collectibles, and integrates payment processing and shipping coordination to streamline transactions for users.

Founded in February 2013 by Shintaro Yamada, Mercari quickly gained traction in its domestic market and went public on the Tokyo Stock Exchange in June 2018.